Filing Details

Accession Number:
0001209191-14-023808
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-28 19:45:58
Reporting Period:
2014-03-26
Filing Date:
2014-03-28
Accepted Time:
2014-03-28 19:45:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1339048 Western Refining Inc. WNR Petroleum Refining (2911) 203472415
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1373429 J Mark Smith C/O Western Refining, Inc.
123 W. Mills Avenue, Suite 200
El Paso TX 79901
President-Refining & Marketing No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-03-26 5,649 $0.00 99,584 No 4 M Direct
Common Stock Disposition 2014-03-27 1,881 $38.01 97,703 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Share Units Disposition 2014-03-26 5,649 $0.00 5,649 $0.00
Common Stock Restricted Share Units Acquisiton 2014-03-26 13,024 $0.00 13,024 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
57,505 No 4 M Direct
70,529 No 4 A Direct
Footnotes
  1. 5,649 shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person on March 26, 2013, (the "2013 RSU Award"), settled at the election of the Compensation Committee of WNR's Board of Directors in WNR common stock.
  2. This sale was made pursuant to an election dated November 13, 2009, for the payment of income taxes required to be paid to the Internal Revenue Service as a result of the vesting of restricted stock units.
  3. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
  4. $38.0135 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $38.0000 per share and $38.1000 per share.
  5. Each RSU represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof.
  6. The 2013 RSU Award vests ratably over five years on the fourth business day before the end of March in each of the five years following the date of grant. Shares of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than December 31 of the year in which such vesting date occurs.
  7. This number of derivative securities includes (a) 9,666 RSUs that remain outstanding pursuant to an award on February 28, 2011; (b) 25,245 RSUs that remain outstanding pursuant to an award on February 17, 2012; and (c) 22,594 RSUs that remain outstanding pursuant to the 2013 RSU Award.
  8. These RSUs were awarded in settlement of the 2013 Annual Performance Plan for Executive Officers as performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986 (the "2014 RSU Award).
  9. The 2014 RSU Award vests ratably on the fourth business day before the end of March 2015, 2016, 2017, 2018 and 2019. Shares of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than December 31 of the year in which such vesting date occurs.
  10. This number of derivative securities includes (a) 9,666 RSUs that remain outstanding pursuant to an award on February 28, 2011; (b) 25,245 RSUs that remain outstanding pursuant to an award on February 17, 2012; (c) 22,594 RSUs that remain outstanding pursuant to the 2013 RSU Award; and (d) 13,024 RSUs that remain outstanding pursuant to the 2014 RSU Award.